Commercial property evaluator6/30/2023 The larger the commercial property, the higher the lease fees your tenants pay. In Auckland, commercial property lease rates are usually calculated on a per square metre basis. The lease income from commercial property is one of the main factors affecting commercial property value. We’ve put together these tips to help you make an informed decision when it comes to commercial property investment. After reading this article, not only will you know what makes a good commercial property, but you will also understand the fair market value of commercial property. Whether you are thinking about investing in a commercial office building, warehouse space, retail shop or another type of commercial property, this article will help you understand which factors affect commercial property valuation. How to value commercial property? - Factors Influencing Commercial Property Valuation Why capital valuation (CV) of commercial property might be different from real market value? If you are interested, click here to learn more. Last month, Michael, a commercial real estate agent, discussed the pros and cons of investing in commercial property. He now focuses primarily on industrial properties including market valuations for mortgage security and financial reporting, rent reviews and insurance purposes.īefore finding out the factors affecting commercial property value, you might wonder if commercial property is now a more attractive investment than residential property. Previously, he had a successful five-year stint with Bayleys, specialising in residential property valuations. Louie is an Auckland-based property valuation specialist. In this week’s blog, our guest expert in commercial property valuation, Louie Lim, discusses the factors which affect commercial property value. If you have previous experience in residential property investment- where CVs are indicative of the property’s market value – you may assume that commercial property follows suit. In particular, New Zealand council-issued capital values (CVs) can be confusing for inexperienced commercial property investors. Investing in commercial property is much more complicated than residential property.
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